AMN Healthcare Services Inc (NYSE:AMN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 165.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,565 shares of the company’s stock after purchasing an additional 25,918 shares during the period. SG Americas Securities LLC owned approximately 0.11% of AMN Healthcare Services worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of AMN Healthcare Services by 92.4% in the fourth quarter. Invesco Ltd. now owns 388,564 shares of the company’s stock valued at $9,294,000 after buying an additional 186,630 shares in the last quarter. LPL Financial LLC increased its stake in AMN Healthcare Services by 10.1% during the fourth quarter. LPL Financial LLC now owns 22,542 shares of the company’s stock worth $539,000 after purchasing an additional 2,075 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of AMN Healthcare Services by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock worth $21,222,000 after purchasing an additional 217,643 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock valued at $106,082,000 after purchasing an additional 108,284 shares during the period. Finally, Bank of America Corp DE increased its stake in AMN Healthcare Services by 50.9% during the 4th quarter. Bank of America Corp DE now owns 435,909 shares of the company’s stock worth $10,427,000 after buying an additional 146,962 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. UBS Group cut their price target on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Truist Financial cut their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, AMN Healthcare Services has a consensus rating of “Hold” and a consensus price target of $32.08.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $21.94 on Wednesday. The stock’s 50-day simple moving average is $20.58 and its 200-day simple moving average is $23.58. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $839.86 million, a PE ratio of -5.07 and a beta of 0.19. AMN Healthcare Services Inc has a fifty-two week low of $17.45 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The company had revenue of $689.53 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was down 16.0% on a year-over-year basis. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.